Anita S. Crum

RE/MAX PENINSULA
825 Diligence Dr

Ste 126

Newport News, VA 23606
Phone: (757) 692-6438

Main Site

HAMPTON ROADS REAL ESTATE MARKET TRENDS

Closed Transactions - 2008 vs 2009

	Peninsula
	2008	2009	% change
# of units	5342	5008	-6.25%
Median Sales Price	$ 216,250	$ 201,000	-7.05%
Average Sales Price	$ 245,969	$ 226,904	-7.75%
Average Market Time	97	105	8.25%


	Southside
	2008	2009	% change
# of units	13304	13740	3.28%
Median Sales Price	$ 234,900	$ 220,000	-6.34%
Average Sales Price	$ 275,606	$ 250,256	-9.20%
Average Market Time	83	87	4.82%


	Newport News
	2008	2009	% change
# of units	1779	1812	1.85%
Median Sales Price	$ 197,250	$ 186,000	-5.70%
Average Sales Price	$ 202,320	$ 184,528	-8.79%
Average Market Time	79	89	12.66%


	Hampton
	2008	2009	% change
# of units	1453	1394	-4.06%
Median Sales Price	$ 179,900	$ 178,000	-1.06%
Average Sales Price	$ 197,262	$ 183,746	-6.85%
Average Market Time	79	89	12.66%


	York County
	2008	2009	% change
# of units	754	652	-13.53%
Median Sales Price	$ 280,000	$ 296,405	5.86%
Average Sales Price	$ 323,651	$ 322,359	-0.40%
Average Market Time	110	98	-10.91%


	Poquoson
	2008	2009	% change
# of units	130	81	-37.69%
Median Sales Price	$ 320,450	$ 300,000	-6.38%
Average Sales Price	$ 339,091	$ 326,745	-3.64%
Average Market Time	119	141	18.49%


	Norfolk
	2008	2009	% change
# of units	2175	2148	-1.24%
Median Sales Price	$ 198,000	$ 180,000	-9.09%
Average Sales Price	$ 235,141	$ 206,521	-12.17%
Average Market Time	85	92	8.24%


	VA Beach
	2008	2009	% change
# of units	5578	5750	3.08%
Median Sales Price	$ 249,900	$ 238,900	-4.40%
Average Sales Price	$ 311,016	$ 280,109	-9.94%
Average Market Time	72	80	11.11%


	Portsmouth
	2008	2009	% change
# of units	1087	1095	0.74%
Median Sales Price	$ 171,500	$ 153,000	-10.79%
Average Sales Price	$ 181,918	$ 158,520	-12.86%
Average Market Time	82	99	20.73%


	Chesapeake
	2008	2009	% change
# of units	2668	2923	9.56%
Median Sales Price	$ 260,000	$ 238,917	-8.11%
Average Sales Price	$ 281,380	$ 263,034	-6.52%
Average Market Time	84	82	-2.38%


	Suffolk
	2008	2009	% change
# of units	1153	1225	6.24%
Median Sales Price	$ 250,000	$ 239,900	-4.04%
Average Sales Price	$ 271,698	$ 250,966	-7.63%
Average Market Time	98	93	-5.10%


	Smithfield / Isle of Wight
	2008	2009	% change
# of units	388	350	-9.79%
Median Sales Price	$ 289,250	$ 258,665	-10.57%
Average Sales Price	$ 305,846	$ 282,289	-7.70%
Average Market Time	141	127	-9.93%

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Anita S. Crum

RE/MAX PENINSULA - Each Office Independently Owned and Operated

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